Australian Dollar Hits Fresh Highs
against Pound, Euro and US Dollar

April started really promising for Australians planning to travel overseas. Foreign currencies are cheaper, and if London is your destination this is the best time ever to go on a spending spree. The dollar is working really hard for you.

But if you want to transfer your money to Australia, it's better to ask for advice.

Want more information about a better time to transfer your money Down Under? Fill in the form below to ask your questions.

Peter Lavelle, 04.04.2013

Welcome to Pure FX's weekly update of the Australian dollar exchange rate.

This week:

The Aussie dollar hit its
highest ever point against the British pound, at 0.6956.

The Aussie climbed to its highest point against the US dollar since 5th February, at 1.0415.

The Emu reached
its strongest against the US currency since the 24th of January, at 1.0497.

Hence, the Aussie dollar is very much on
top!

Australian Dollar Looks Set to Continue Climbing

Furthermore, looking to April, the antipodean currency looks set to continue climbing across the board.

This is because:

The Reserve Bank of Australia held
interest rates at 3.0% in March.

This makes the dollar more attractive.

Australia's trade deficit
fell to a 14-month low of -$178m in February.

This bodes well for Australia's economic
outlook, and its dollar.

Julia Gillard wants to make
the currency directly convertible with the Chinese yuan.

This will benefit Australian business, and
the Aussie dollar.

Given that, the Australian dollar could
continue to rise this month!

Learn More about Transferring Money to
Australia

If you'd like to learn more about
transferring money to Australia before you emigrate, enter your query into the
form below.

I'll happily answer any questions you have.

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